S&P Global Inc. (NYSE:SPGI) Stock Holdings Lifted by Brighton Jones LLC

Brighton Jones LLC lifted its position in S&P Global Inc. (NYSE:SPGI) by 3.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,113 shares of the business services provider’s stock after acquiring an additional 107 shares during the period. Brighton Jones LLC’s holdings in S&P Global were worth $1,388,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in SPGI. Gilbert & Cook Inc. grew its position in S&P Global by 7.8% during the fourth quarter. Gilbert & Cook Inc. now owns 1,152 shares of the business services provider’s stock valued at $507,000 after purchasing an additional 83 shares in the last quarter. Aveo Capital Partners LLC purchased a new position in S&P Global during the fourth quarter valued at approximately $215,000. 9258 Wealth Management LLC grew its position in S&P Global by 30.4% during the fourth quarter. 9258 Wealth Management LLC now owns 1,758 shares of the business services provider’s stock valued at $774,000 after purchasing an additional 410 shares in the last quarter. Gryphon Financial Partners LLC grew its position in S&P Global by 75.7% during the fourth quarter. Gryphon Financial Partners LLC now owns 2,354 shares of the business services provider’s stock valued at $1,018,000 after purchasing an additional 1,014 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC grew its position in S&P Global by 13.2% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 936 shares of the business services provider’s stock valued at $412,000 after purchasing an additional 109 shares in the last quarter. 87.17% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have commented on SPGI shares. BMO Capital Markets boosted their target price on shares of S&P Global from $532.00 to $537.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Stifel Nicolaus boosted their target price on shares of S&P Global from $535.00 to $540.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Royal Bank of Canada boosted their target price on shares of S&P Global from $500.00 to $552.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Oppenheimer boosted their target price on shares of S&P Global from $486.00 to $540.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 31st. Finally, Morgan Stanley boosted their target price on shares of S&P Global from $530.00 to $564.00 and gave the stock an “overweight” rating in a research report on Thursday, September 5th. Two analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $548.18.

S&P Global Price Performance

NYSE:SPGI opened at $523.72 on Friday. The stock has a market cap of $163.87 billion, a P/E ratio of 58.71, a PEG ratio of 2.68 and a beta of 1.17. S&P Global Inc. has a one year low of $340.49 and a one year high of $528.02. The company has a fifty day moving average price of $499.16 and a 200 day moving average price of $454.91. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.03 and a quick ratio of 1.03.

S&P Global (NYSE:SPGI) last released its earnings results on Tuesday, July 30th. The business services provider reported $4.04 EPS for the quarter, beating the consensus estimate of $3.67 by $0.37. The firm had revenue of $3.55 billion during the quarter, compared to analysts’ expectations of $3.42 billion. S&P Global had a net margin of 25.03% and a return on equity of 13.03%. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.12 EPS. Analysts anticipate that S&P Global Inc. will post 14.58 earnings per share for the current year.

S&P Global Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Investors of record on Tuesday, August 27th were paid a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a yield of 0.70%. The ex-dividend date was Tuesday, August 27th. S&P Global’s payout ratio is currently 40.81%.

Insider Activity

In other news, CEO Douglas L. Peterson sold 7,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the completion of the transaction, the chief executive officer now directly owns 154,912 shares of the company’s stock, valued at approximately $74,915,443.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Steven J. Kemps sold 2,700 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $491.55, for a total transaction of $1,327,185.00. Following the completion of the transaction, the executive vice president now directly owns 1,455 shares of the company’s stock, valued at approximately $715,205.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Douglas L. Peterson sold 7,000 shares of the firm’s stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $483.60, for a total transaction of $3,385,200.00. Following the transaction, the chief executive officer now directly owns 154,912 shares of the company’s stock, valued at $74,915,443.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,862 shares of company stock worth $8,645,727. 0.10% of the stock is currently owned by corporate insiders.

S&P Global Company Profile

S&P Global Inc, together with its subsidiaries, provides credit ratings, benchmarks, analytics, and workflow solutions in the global capital, commodity, and automotive markets. It operates through S&P Global Market Intelligence, S&P Global Ratings, S&P Global Commodity Insights, S&P Global Mobility, S&P Dow Jones Indices, and S&P Global Engineering Solutions segments.